Foremost DO NOT attempt to use a so-called professional credit repair agency. You would be a lot better off to throw your money in a fire place. The goal of this article is to show you a few tips that will help you with your self credit repair.
I recommend to my students that they start their self credit repair by putting together a budget. You want to create a personal balance sheet. Make a list of all your monthly debts, then another list of your income. This will give you a birds-eye view of your entire situation. Consider this to be a starting point.
Now it’s time to roll up your sleeves. You will want to request copies of your credit report. Once you have your reports in hand highlight the negative dings. Send a letter of dispute to all three bureaus along with any proof that you may have regarding each ding on your credit report.
I normally share this little tip with my students. When sending off your letter of dispute make sure you send it certified mail. If you don’t all of your efforts will be in vein. This will be the only proof that you will have to prove when you sent it off.
Avoid those free credit dispute letters that you see all over the Internet. I have had several of my students share horror stories of them attempting to use them. From my experience you are a lot better off handwriting it or using a word processor. You don’t want to come across like some attorney or bogus credit repair agency.
There are four key ingredients that you will need when it comes to self credit repair. The first thing you will need is knowledge. The second is organization. The third is persistence. The fourth is time. Keep in mind - your credit didn’t go downhill overnight so don’t expect it to magically be repaired overnight.
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